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Are Procter and Gamble company current assets sufficient to cover current liabilities? What is the current ratio for the year end? How does the ratio

  1. Are Procter and Gamble company current assets sufficient to cover current liabilities? What is the current ratio for the year end? How does the ratio compare with the prior year?
  2. How does your Procter and Gamble account for contingencies? Is their approach appropriate?
  3. Does your Procter and Gamble have gift card sales? How are they accounted for? What is the current liability?

 

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